Cyril Ramaphosa urges investors to help salvage economy in moves to revive investment drive

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CAPE TOWN – President Cyril Ramaphosa on Wednesday moved to revive his investment drive, vowing that the government would overhaul the foreign direct investment (FDI) promotion architecture in South Africa.Ramaphosa assured investors that South Africa was still attractive for investors, in spite of ongoing xenophobic attacks against foreign nationals.

He urged investors to get behind his government’s efforts to salvage the economy, saying local investment served as a catalyst for much-needed FDI.Ramaphosa said his government would therefore work hard to remove policy uncertainty and other obstacles to investment.

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